Blur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows
On Wednesday, Feb. 15, non-fungible token (NFT) marketplace Blur overtook OpenSea in daily Ethereum trading volume for the first time, according to data analytics platform Nansen.ai. This surge follows Blur’s release of a native token the day before, a move that has helped push the competition between the two NFT marketplaces to a new level.
The trading volume on Blur’s marketplace stood at 6,602 ether (ETH) Wednesday, while OpenSea’s trading volume stood at 5,649 ETH.
Another important metric to note is the number of sales and wallets on OpenSea is still greater than on Blur.
Sales and wallets of NFT marketplaces (Nansen)
From Feb. 7 to Feb. 14, the number of sales on OpenSea was, on average, 8.37 times larger than the number of sales on Blur, while the number of wallets on OpenSea was roughly eight times greater than the number of wallets on Blur.
The gap between OpenSea and Blur in terms of number of sales and wallets has been closing and was at its smallest as of Wednesday. That day the number of sales on OpenSea stood at 19,908, 1.63 times greater than Blur’s total number of sales, 12,185.
When looking at the number of wallets active on the two marketplaces, an analogous trend arises: The number of wallets interacting with OpenSea is now only twice as great as those interacting with Blur, showing how the race between the first- and second-largest marketplaces is tightening.
See Also: NFT Marketplace Blur’s Token Reaches $500M Trading Volume After Airdrop